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Market Madness: There's a Silver Lining for Facebook

Let's go over the market on Monday.

Another week, another news cycle. 

Yet some of these names may seem very familiar to you.

Facebook Inc. (FB) - Get Meta Platforms Inc. Class A Report was slammed on Monday for requesting user info for banks, but TheStreet's Jacob Sonenshine has some good news about the FAANG component.

If you look long-term, the story may not be so bad despite the stock tanking after it posted earnings that disappointed. The company tumbled over 20% and lost around $120 billion. 

But, it came back up, possibly as a result of a buy-the-dip strategy, maybe some overselling, Josh Blechman, Director of Capital Markets at Exponential ETF's told TheStreet.

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Blechman, and other worried about FB being overvalued (PE ratio of 25, compared to the Nasdaq's 23).

But the biggest news is that Facebook has many growth engines that have just gotten started: Instagram, What'sApp (whispers of monetization on that app soon), FB video, IG stories, and they all have further monetization potential, according to Stifel analyst Scott Devitt.

That's not all of the good news!

The parent company of MoviePass, Helios and Matheson Analytics (HMNY) , is up nearly 17% going into the close.

MoviePass announced on Monday, Aug. 6, that it will not be raising the monthly subscription price to $14.95 a month. Originally, the company had planned to implement the subscription price boost in the next 30 days. The price hike was announced on July 31.

The change is one in a series to help make MoviePass profitable.